SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Copper - analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Mac10/2/2006 12:26:17 AM
  Read Replies (1) of 2131
 
Global inventories dropped about 1 million MT per year from 2002 - 2004. With only marginal increases in production & China , India & most of the industrial world showing increased growth over the last 2 years, China must nearly be out of their own copper reserves. My guess is that China will start attacking the LME reserves again early next year. They also are still 150K MT short, from not covering at the $1.50 level a year ago. That amounts to almost the entire LME & NYMEX total inventory. I sense a copper crisis soon.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News